Definition of 'competitive advantage'

competitive advantage  Delivering exactly what your competitors are delivering but at a lower price is one way to gain an advantage in the marketplace Conversely, A solid competitive advantage should be difficult to copy or recreate within another business Examples of competitive advantages are unique

Competitive advantage is the favorable position an organization seeks to be more profitable than its rivals To gain and maintain a competitive advantage, First, unlike measures such as profits and stock price, competitive advantage does not change based on random perturbations If a firm's competitive advantage

A competitive advantage is the unique ability of a firm to utilize its resources effectively, managing to improve customer value and position itself ahead of Competitive advantages create higher value for an entity and its stakeholders because of certain conditions or strengths It becomes more